sundar pichai

sundar pichai

Google CEO Sundar Pichai.

Carsten Koall/Getty Images.

This story is available exclusively to Service Insider customers.
Become an Expert and begin reading now.

  • On Wednesday, Google CEO Sundar Pichai will testify before Congress along with the CEOs of Apple, Amazon, and Facebook in a barbecuing on antitrust.
  • In his opening remarks, Pichai will argue that Google operates in a “highly competitive market” and make the point that users have access to browse tools beyond Google’s own.
  • He’ll also argue that competitors in ads from the similarity Twitter has actually driven down expenses that benefit customers.
  • He’ll also say that complimentary Google services like Browse, Gmail, Maps, and Photos “offer thousands of dollars a year in value to the typical American.”
  • Check out Business Expert’s homepage for more stories

CEO Sundar Pichai will tell an antitrust committee on Wednesday that Google operates in a highly competetive market, and make the case that the business is an advantage both as a financier to America and a company of free services to users.

He’ll even name-check some rivals, according to an early version of the testimony seen by Company Insider, in order to make a point that users have access to browse in other methods outside of Google.

Pichai will also make the case that Google was the “largest capital investor” in America in 2018 by one price quote.

At Google, we take pride in the number of people who pick our items and services; we’re even prouder of what they do with them– whether it’s the 140 million students and teachers using G Suite for Education to remain linked during the pandemic … the 5 million Americans getting digital skills through Grow with Google, part of our $1 billion effort to expand economic opportunity … or the millions of small organisation owners connecting with consumers through Google products such as Maps and Browse. They utilize Google tools to work from another location during the pandemic, coordinating conferences through Google Calendar and teaming up on material in Google Docs. The Berry Digital team likewise uses Google Analytics to discover more about the consumers of their customers and how they can beer serve them.

Another method we contribute is by making deep technology financial investments in America’s future. Every year, we are among the world’s biggest investors in research study and development. At the end of 2019, our R&D invest had actually increased nearly 10 times over 10 years, from $2.8 billion to $26 billion. We’ve invested over $90 billion over the last 5 years.

Through these investments, our groups of engineers are assisting America solidify its position as the worldwide leader in emerging technologies like artificial intelligence, self-driving cars and trucks, and quantum computing. Last fall, our group of scientists based here in the U.S. was the very first to reach a quantum computing milestone, a discovery that could eventually lead to new advancements in medicine and more effective batteries.

Just as American leadership in these areas is not inevitable, we understand Google’s ongoing success is not guaranteed. Google runs in highly competitive and vibrant international markets, in which prices are totally free or falling, and products are continuously enhancing. Today’s competitive landscape looks absolutely nothing like it did 5 years ago, let alone 21 years ago, when Google released its rst product, Google Search.

For instance, individuals have more methods to search for info than ever in the past– and significantly this is happening outside the context of just an online search engine. Typically the response is simply a click or an app away: You can ask Alexa a concern from your cooking area; read your news on Twitter; ask pals for info by means of WhatsApp; and get suggestions on Snapchat or Pinterest. When looking for items online, you may be going to Amazon, eBay, Walmart, or any among a number of e-commerce suppliers, where most online shopping queries happen. Likewise, in areas like travel and property, Google faces strong competition for search queries from many services that are specialists in these locations.

A competitive digital ad marketplace offers publishers and advertisers, and for that reason customers, a massive quantity of choice. Competition in advertisements– from Twitter, Instagram, Pinterest, Comcast and others– has helped lower online advertising costs by 40%over the last 10 years, with these cost savings passed down to consumers through lower rates.

We likewise deliberately build platforms that support the development of others. Using Android– an item I worked on for several years– thousands of gadget makers and mobile operators build and sell gadgets without any licensing fees to us or any requirement to integrate our items. This greatly minimizes gadget costs, and today billions of consumers around the globe are now able to afford cuing-edge mobile phones, some for less than $50 And in doing so they are able to access brand-new chances– whether it’s sharing a video with family and friends around the world, acquiring an education on their own or their children, or gazing a service.

Competitors likewise sets higher standards for personal privacy and security. I’ve always thought that personal privacy is a universal right and ought to be readily available to everyone, and Google is devoted to keeping your details safe, treating it responsibly, and putting you in control of what you pick to share. We likewise never ever offer user details to third parties. But more should be done to secure users across markets, which is why we’ve long supported the development of comprehensive federal personal privacy laws.

To this day, I have not forgotten how access to innovation and innovation altered the course of my life. Google aims to develop items that increase access to chance for everyone– no matter where you live, what you think, or just how much money you earn. We are dedicated to partnering with lawmakers, consisting of the members of this Committee, to protect consumers, preserve America’s competitive technological edge in the world, and ensure that every American has access to the extraordinary opportunities that innovation creates.

Thank you.

Exclusive FREE Report: 3src Big Tech Predictions for 2src2src by Insider Intelligence

Get the latest Google stock price here.

Loading Something is packing.


Antitrust Investigation

Chevron icon It indicates an expandable section or menu, or in some cases previous/ next navigation options.


Find Out More